Nagpur, once the capital city of Madhya Pradesh, is now the third largest city in the state of Maharashtra, after Mumbai and Pune. Many surveys in the recent past have crowned the ‘Orange City’ as one of the best in terms of greenery, livability, healthcare, public transport and more parameters.
Nagpur is a major political and commercial hub of Maharashtra. Nagpur is also a major technological hub. The city is also a major economic centre, and people take a keen interest in investing in different avenues.
Investment options in Nagpur
Nagpur citizens can easily make most of investment schemes such as:
Real estate – Real estate can offer a higher ROI to investors if they are ready to stay invested for years or till the time is ripe to gain leverage.
Mutual funds – Mutual funds are good investment option these days, as they offer higher returns. However, they do not offer a fixed ROI as it’s impacted by market conditions.
Stocks – Similar to mutual funds, even stocks offer higher returns, but its ROI is not guaranteed.
Fixed deposits – Fixed deposits are safe investment plans as they offer a higher interest rate along with guaranteed ROI.
|Interest Rate||Ranging from 5.65% to 6.75%|
|Minimum Tenor||1 Year|
|Maximum Tenor||5 Years|
|Deposit Amount||Min- Rs. 25,000|
|Application Process||Easy online paperless process|
|Online Payment Options||Netbanking and UPI|
Here are some of the features and benefits of investing in Bajaj Finance Fixed Deposits in Nagpur:
Senior Citizens can gain from 0.25% higher interest rate, over and above theexisting interest rates, which can help them grow their retirement corpus easily.
You can begin investing in an FD plan of Bajaj Finance with an investment amount as low as Rs.25, 000.
Fixed Deposit Calculator is an online tool that helps you determine the maturity amount and returns on your FD, even before you start investing.
Easily track your investments 24X7 with hassle-free online account management.
Nagpur residents can get started with a Bajaj Finance Fixed Deposit if they are ready to invest at least Rs.25, 000. Additionally, you need to be any of the following:
Resident Indian citizen
Hindu Undivided Family (HUF)
Companies along with group companies, partnership firms, and sole proprietorship
Societies, clubs, and associations
Create more wealth with Bajaj Finance FDs
Bajaj Finance FDs are also available in Mumbai, Pune, Amravati, Aurangabad, Kolhapur, Nashik, Latur, Nanded, Chiplun and many more cities.
Here’s a look at interest rates offered by Bajaj Finance FDs in Nagpur.
Annual rate of interest valid for deposits up to Rs.5 crore (w.e.f 12 May 2021)
|Tenor in Months||Minimum deposit (in Rs.)||Cumulative||Non-Cumulative|
|12 – 23||25,000||5.65%||5.51%||5.53%||5.57%||5.65%|
|24 – 35||6.10%||5.94%||5.97%||6.01%||6.10%|
|36 - 60||6.50%||6.31%||6.35%||6.40%||6.50%|
+ 0.25% for senior citizens
+ 0.10% for online customer
+0.10% over and above the rate of interest at which the deposit is booked
Bajaj Finance Limited
1St & 2Nd Floor, Plot No. - 5, Lotus Building, Gorepath Layout, Whc Road, Dharampeth, Nagpur - 440 010.